Options P&L Calculator
Call & Put Options — Payoff, Breakeven, Greeks & Risk/Reward
Net P&L at Expiry (Spot = 24240)
+₹9,000
₹9,000/lot | 100.0% on premium
₹24,120
Breakeven
Spot must be > ₹24120
₹9,000
Max Loss
Limited to premium paid
Unlimited
Max Profit
As spot rises
₹9,000
Premium Paid
Total cost
📊 Payoff at Different Spot Prices
| Spot at Expiry | Intrinsic Value | Net P&L | Return % |
|---|---|---|---|
| 19200 | ₹0 | −₹9,000 | -100.0% |
| 20000 | ₹0 | −₹9,000 | -100.0% |
| 20800 | ₹0 | −₹9,000 | -100.0% |
| 21600 | ₹0 | −₹9,000 | -100.0% |
| 22400 | ₹0 | −₹9,000 | -100.0% |
| 23200 | ₹0 | −₹9,000 | -100.0% |
| 24000 | ₹0 | −₹9,000 | -100.0% |
| 24800 | ₹60,000 | +₹51,000 | +566.7% |
| 25600 | ₹1.2L | +₹1.1L | +1233.3% |
| 26400 | ₹1.8L | +₹1.7L | +1900.0% |
| 27200 | ₹2.4L | +₹2.3L | +2566.7% |
| 28000 | ₹3.0L | +₹2.9L | +3233.3% |
| 28800 | ₹3.6L | +₹3.5L | +3900.0% |
🔢 Option Greeks (ATM Approximation)
Δ
Delta
~0.50
Change in option price per ₹1 move in underlying. ATM delta ≈ 0.5.
Θ
Theta
−3.6/day
Daily premium decay. Buyers lose Theta; sellers gain it every day.
Γ
Gamma
~0.002
Rate of change of Delta. Highest for ATM options near expiry.
Ν
Vega
+18.0/1% IV
Change in option price for 1% change in implied volatility.
ρ
Rho
+0.05
Sensitivity to interest rate changes. Less important for short-term options.
📚 Options Basics — For Beginners
What is a Call Option?
Right to BUY underlying at strike price. Profitable when spot > strike + premium. Buyer pays premium; seller receives it.
What is a Put Option?
Right to SELL underlying at strike price. Profitable when spot < strike − premium. Used as portfolio hedge or directional bet.
Premium
The price paid to buy an option. Time value + Intrinsic value = Premium. Decays to zero by expiry (Theta decay).
Expiry
Options expire on the last Thursday of each month. Weekly options expire every Thursday. After expiry, option is worthless if OTM.
Strike Price
Price at which you can exercise the option. ATM = At the Money (spot ≈ strike). ITM = In the Money. OTM = Out of the Money.
Theta Decay
Options lose value every day as expiry approaches. Buyers lose from Theta; sellers gain from it. Accelerates in last 7 days.
Options P&L Calculator India — Call Put Payoff | CalcNation
Calculate options P&L for long call, long put, short call and short put positions. Shows breakeven, maximum profit, maximum loss, payoff table at different spot prices, and option Greeks approximation. Ideal for Nifty and Bank Nifty options traders in India.
How to Calculate Options P&L?
Long Call P&L = Max(Spot − Strike, 0) − Premium × Lot Size × Lots. Breakeven for long call = Strike + Premium. For long put = Strike − Premium. This calculator shows payoff at every spot price from 30% below to 30% above strike.